Post
Topic
Board Bitcoin Discussion
Re: Lost Bitcoin and possible future scarcity
by
kotajikikox
on 12/05/2024, 06:19:46 UTC
  • do you think lost Bitcoin can cause Bitcoin scarcity in the future?
The halving and loss of bitcoins are almost similar.

Just the halving tends to increase the value of bitcoins by reducing the number, scarcity due to loss of bitcoins also reduces  the number of bitcoins available too, and as usual, a reduction in the available bitcoins will greatly affect positively the value of bitcoins available
Halving is not primarily done to increase the price of bitcoin but it is only a consequence of such. Halving is done to counterattack inflation and in the process of it the bitcoin price hiked up.

This is due to the common and very well-known economic concept that less suppy = more demand. The rarer it is, the more expensive it is. On the other hand some bitcoin who are lost well they were just lost unless some people actually burn some coins to hike the price up.